By Ritu, Capital Sands Troubled Indian lender Yes Bank Ltd said it will delay disclosing its October-December earnings by at least a month, and that it was in talks with potential investors for a cash infusion, sending its shares up almost 6% in Thursday trade. Yes Bank, in a regulatory filing late on Wednesday, said […]
By Ritu, Capital Sands A deep slump in euro-area industrial output at the end of last year highlights the scale of the challenge the sector will face in 2020. The 2.1% drop — the steepest in almost four years — will raise doubts about a meaningful rebound in momentum. The economy barely expanded in the fourth quarter […]
By Ritu, Capital Sands Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the […]
By Ritu, Capital Sands New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold the state’s right to tax them, according to its draft and government documents seen by Reuters. The bill also attempts to upgrade India’s investment climate and boost foreign investment by setting […]
By Ritu, Capital Sands China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou as soon as possible, ahead of the executive’s first extradition hearing later in the day. “The resolve of the Chinese government to protect Chinese citizens’ proper legal rights is firm and unwavering,” foreign […]
By Ritu, Capital Sands Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Oil prices jumped as oilfields in southwest Libya began shutting down after forces loyal to Khalifa Haftar closed a pipeline, potentially […]
By Ritu, Capital Sands European shares touched a record high on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, soothing some concerns over a possible escalation in trade tensions between the cross-Atlantic allies. The pan STOXX 600 index rose as much as 0.8% to a record high of […]
By Ritu, Capital Sands GBP/USD stays positive around a one-week high while taking the bids to 1.3080 during the Asian session on Friday. The pair confronts a short-term key resistance trend line following its U-turn from a multi-month-old rising support line. The GBP/USD pair is holding on to daily gains around 1.3070, positive in […]
By Ritu, Capital Sands Gold prices slipped on Thursday in Asia after the U.S. and China signed a historic trade deal. Gold Futures slipped 0.1% to $1,552.15 by 1:30 AM ET (05:30 GMT). Tensions remained however, as Washington decided to keep duties on some $360 billion of Chinese goods. Some analysts also pointed out that the […]
By Ritu, Capital Sands Asian stock markets traded mostly higher on Thursday in Asia as investors cheered the signing of the phase one U.S.-China trade deal. China’s Shenzhen Composite rose 0.2%, while the Shanghai Composite slipped 0.1%. Hong Kong’s Hang Seng Index climbed 0.4%. Overnight, officials from the U.S. and China signed the phase one trade agreement, putting their […]